Forensic Accounting Services, LLC
Piecing Together Financial Puzzles®
On January 17, 2017, Steve spoke at the 2017 Winter Extravaganza, an charity event sponsored by the New England Claim Executives Association (NECEA), the Hartford Association of Insurance Professionals, the CT Insurance Marketing Association, and the Hartford Pond of the Honorable Order of the Blue Goose International. Steve addressed the topic of employee theft and embezzlement and how pervasive it …
Day after day I receive Google notifications containing news articles relating to embezzlement. On any given day, somewhere between twelve and twenty different notifications are delivered to my in-box, some with only one news article or post, while others contain several different cases. It amazes me just how much theft is occurring, and when you take into consideration only one …
The answer is yes, most employee embezzlement schemes can be prevented. There are practical measures any employer of any size can implement to prevent employee thefts and embezzlement. However, due to the very nature of fraud, creative employees working within an environment constructed with ineffective or non-existent internal controls, or worse, complacent supervisors and owners who simply do not perform the …